Using Chapter 13 Bankruptcy to Pay Off Your Debts

While filing Chapter 7 bankruptcy is the fastest way to eliminate debts and get the fresh start you need, not everyone qualifies. Some people may have already filed for Chapter 7 while others do not qualify due to the results of the bankruptcy means test. If Chapter 7 is not available to you, Chapter 13 bankruptcy can still allow you to eliminate your debts over time with zero interest.

At The Slomka Law Firm, P.C. in Marietta and Atlanta, our Chapter 13 bankruptcy lawyers are committed to helping consumers in Georgia hit the RESET button and regain control over their finances. We have extensive consumer bankruptcy experience and work closely with our clients, providing them with the personal service and foreclosure help they need during a difficult time.

Are you ready to put this messy financial situation behind you? Call us at (678) 732-0001 today for a free consultation with a Chapter 13 bankruptcy lawyer in Atlanta.

Chapter 13: Like Making a Loan to Yourself

Chapter 13 bankruptcy is not a handout and is nothing to be ashamed of. It is an opportunity for you to get your financial house in order and pay off your debt. The Chapter 13 payment plan lasts for a period between three and five years, and the payments have zero interest. You could think of it as making a zero interest loan to yourself for five years, after which your debts will be wiped away.

In order for Chapter 13 bankruptcy to work, you will have to have steady income that allows you to make your payments. This is ideal for people who have income to make a mortgage payment, but have fallen behind due to unforeseen circumstances. In fact, when debt problems are primarily mortgage related, Chapter 13 bankruptcy in Atlanta and the rest of Georgia is the best way to save your house from foreclosure.

If you have a car that is worth less than you owe, spreading your remaining payments over 60 months as part of an Atlanta Chapter 13 bankruptcy can lower your monthly payments, leaving you with more money to pay off other debts. Filing under Chapter 13 with the guidance of a bankruptcy lawyer in Atlanta can also prevent repossession of your car.

Contact a Debt Relief Lawyer Today

To find out how Chapter 13 bankruptcy can help you lower your monthly payments and put your debt problems behind you, contact our bankruptcy lawyers in Atlanta today for a free initial consultation.

We are a debt relief agency. We help people in Atlanta and across Georgia file for bankruptcy relief under the Bankruptcy Code.